In the Prime Brokerage and Institutional Equity division, we provide our clients around the world with intellectual insights and innovative product solutions and services that help them generate alpha.

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

PLACEMENT AND DURATION

The 6-months Off-Cycle Quantitative Trader Program is an opportunity to experience the culture and atmosphere in the Sales & Trading division by taking on some of the responsibilities and functions of a Full Time Analyst. As a quantitative trader intern, you will be given full insight into what it takes to be part of a trading desk at Morgan Stanley. You will be responsible for producing analytics as well as ad-hoc reports and leading a diverse set of projects to improve our trading activities. You will spend your internship assigned to a specific desk and you will be based in our Paris office.

As a quantitative trader intern, you will be part of a team which will provide you with the opportunity to further your trading career working alongside top industry professionals.

TRAINING PROGRAM

You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects. You will develop the analytical, quantitative and interpersonal skills that will help you succeed in the role.

RESPONSIBILITIES

We are recruiting for the following desk;

• Index Trading – The Index Trading desk makes markets in options and volatility linked derivatives across a broad range of products: equity indices, dividend indices, volatility indices and ETFs. As market makers, we quote prices to clients at which we will buy and sell products, trying to facilitate client flow whilst capturing the bid/offer spread-selling risk higher than what it was bought for and vice versa.
• ETP desk – The Exchange Trading Product desk specializing in trading, market making, and providing liquidity for a wide range of Exchange Traded Products across a broad range of products such as global stocks, equity and commodity indices.

QUALIFICATIONS/ SKILLS/ REQUIREMENTS

• You are a Master or PHD student in subjects such as Economics, Mathematics, Financial Mathematics, Physics, Engineering, Quantitative Finance or Computer Science or alike
• You will have advance knowledge of Python, SQL, Excel, VBA, R or similar languages is valued
• You will have an understanding of theoretical pricing models and knowledge of market products and their risks
• You have a keen interest in the financial markets, economics, complex market dynamics and have the desire to work in a fast-paced environment
• You will have curiosity and willingness to go beyond the basic textbook models to find trade ideas and arbitrage channels
• You will have an interest in data and how to tackle diverse datasets in innovative ways
• You will have an entrepreneurial mindset and possess practical problem-solving skills with a great attention to detail
• You can analyse and interpret complex information quickly and accurately
• You are an excellent communicator and enjoy collaboration and teamwork
• You must be a current student or have student status and are available to start in 2026 for a 6 month internship

WHAT YOU CAN EXPECT FROM MORGAN STANLEY

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.